U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

(Mark One)

X    Quarterly report under section 13 or 15(d) of the Securities Exchange Act
----
     of 1934 for the quarterly period ended March 31, 2002.

_____   Transaction report under section 13 or 15(d) of the Securities Exchange
        Exchange Act of 1934 for the transition period from ______________ to
        ____________________.

Commission File No.:   0-30851

                     DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                     (Name of small business in its charter)

Nevada                                                    88-0404114
(State or other Jurisdiction of Incorporation)            (IRS Employer Id. No.)

Unit 10, 8980 Fraserwood Court
Burnaby, British Columbia
Canada                                   V5J 5H7
(Address of Principal Office)

Issuer's telephone number:               (604) 438-3598

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days.
Yes_______   No ______


<PAGE>
Page 2

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date. At March 31, 2002, there were
12,906,000 common shares outstanding with a par value of $0.0004.

Transitional Small Business Disclosure Format (Check one):
Yes _______   No _______

PART I - FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS AND EXHIBITS

The unaudited financial statements of the registrant for the three-month periods
ended March 31, 2002 and March 31, 2001, follow. The financial statements
reflect all adjustments which are, in the opinion of management, necessary so as
to ensure a fair statement of the results for the interim period presented.


<PAGE>
Page 3

                                MOEN AND COMPANY
                             CHARTERED ACCOUNTANTS

PO Box 10129
1400 IBM Tower                                        Telephone:   (604)662-8899
701 West Georgia Street                               Fax:         (604)662-8809
Vancouver, BC  V7Y 1C6
--------------------------------------------------------------------------------




                      INDEPENDENT ACCOUNTANTS' REVIEW REPORT
                      --------------------------------------



To the Directors and Shareholders of
Digital Village World Technologies, Inc.
(A Nevada Corporation)
(A Development Stage Company)

We have reviewed the accompanying Consolidated Balance Sheets of Digital Village
World Technologies, Inc. (A Nevada Corporation) (A Development Stage Company) as
of March 31, 2002 and March 31, 2001, and the Statements of Operations, Retained
Earnings, Cash Flows and Changes in Stockholders' Equity for the three month
periods then ended. These financial statements are the responsibility of the
Company's management.

We conducted our review in accordance with standards established by the American
Institute of Certified Public Accountants. A review of interim financial
information consists principally of applying analytical procedures to financial
data and making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of which is
the expression of an opinion regarding the financial statements taken as a
whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should
be made to the accompanying financial statements for them to be in conformity
with United States generally accepted accounting principles (GAAP).



                                                            /s/ Moen and Company

                                                           Chartered Accountants

Vancouver, British Columbia, Canada
May 8, 2002


<PAGE>
Page 4


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                             Consolidated Balance Sheets
                                March 31, 2002 and 2001
                                    (In US Dollars)
                                      (Unaudited)

                                                            2002         2001
                                                        ----------    ---------
                                        Assets
Current Assets
   Cash and cash equivalents (note 3)                   $   42,694   $    5,931
   Accounts receivable (note 4)                              7,066       11,706
   Prepaid expenses and deposit                               -           5,107
                                                        ----------   ----------
                                                            49,760       22,744
                                                        ----------   ----------
Fixed Assets, at cost (note 2)                              65,783       83,028
  Less: accumulated depreciation                           (16,329)      (5,855)
                                                        ----------   ----------
                                                            49,454       77,173
                                                        ----------   ----------
Investment and advance in Yuxun Digital
  Hi-Tech Co. Ltd. (note 14)                                56,774         -
                                                        ----------   ----------
Goodwill, at cost (note 5)                                  48,070       48,070
                                                        ----------   ----------
                                                        $  204,058   $  147,987
                                                        ==========   ==========

                        Liabilities and Stockholders' Equity

Current Liabilities
   Accounts payable and accrued (note 6)                $   28,699   $   15,360
   Current portion of loan (note 8)                           -           6,811
                                                        ----------   ----------

                                                            28,699       22,171
                                                        ----------   ----------
Long-term Liabilities
   Due to related parties (note 7)                         347,341      144,423
   Loan payable                                               -           8,514
                                                        ----------   ----------

                                                           347,341      152,937
                                                        ----------   ----------
Stockholders' Equity
   Capital stock (note 9)
     Authorized
      62,500,000 common shares at $0.0004 par value
     Issued
      12,906,000 common shares (2001 - 12,895,000
        shares) - par value                                  5,162        5,158
      Paid in capital in excess of par value of stock      116,734      105,738
                                                        ----------   ----------

                                                           121,896      110,896
Deficit, accumulated during the development stage         (294,276)    (137,665)
Cumulative translation (note 2)                                398         (352)
                                                        ----------   ----------

                                                          (171,982)     (27,121)
                                                        ----------   ----------
                                                        $  204,058   $  147,987
                                                        ==========   ==========

Approved on behalf of the board:

/s/ Yu Wen Cheng             , Director
-----------------------------

/s/ Peng Chen                , Director
-----------------------------

       See Accompanying Notes and Independent Accountants' Review Report

<PAGE>
Page 5

                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                        Consolidated Statements of Operations
                                    (In US Dollars)
                                      (Unaudited)

<TABLE>
<CAPTION>
                                                            Cumulative From
                                                             Inception Date                 Three Months
                                                            of Sep. 15, 1998                   Ended
                                                              to March 31,                    March 31,
                                                                               -----------------------------------
                                                                2002                2002                2001
                                                           ---------------     ---------------     ---------------
<S>                                                        <C>                 <C>                 <C>
Revenue
   Interest and other income                               $      7,791        $       -           $      3,766
                                                           ------------        ------------        ------------

Administration Costs
   Advertising                                                      712                -                   -
   Bank charges and interest                                      2,098                  50                 520
   Consulting                                                    11,982                -                  1,323
   Depreciation                                                  16,329               2,841               5,349
   License, dues and insurance                                    3,302               1,417                -
   Office costs                                                   8,427               1,981               3,178
   Rentals and leases                                            31,714               4,990               6,049
   Professional fees                                             65,795               1,868              23,676
   Salary and benefits                                           56,991               1,428              26,457
   Stock-based compensation                                      20,000                -                 20,000
   Telephone and utilities                                       17,825               1,332              11,824
   Transfer agent and filing fees                                27,436               3,455               5,911
   Travel and promotion                                          33,746               6,257              14,055
   Loss on disposition of fixed assets                            5,710                -                   -
                                                           ------------        ------------        ------------
                                                                302,067              25,619             118,342
                                                           ------------        ------------        ------------
Net profit (loss) for the period                           $   (294,276)       $    (25,619)       $   (114,576)
                                                           ============        ============        ============

Basic and diluted profit (loss) per share                                      $      (0.00)       $      (0.01)
                                                                               ============        ============
Weighted average number of common shares used to
   compute basic and fully diluted loss per share                                12,906,000          12,875,000
                                                                               ============        ============
</TABLE>


       See Accompanying Notes and Independent Accountants' Review Report


<PAGE>
Page 6


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                Consolidated Statements of Retained Earnings (Deficit)
                                    (In US Dollars)
                                      (Unaudited)

<TABLE>
<CAPTION>
                                                            Cumulative From
                                                             Inception Date                 Three Months
                                                            of Sep. 15, 1998                   Ended
                                                              to March 31,                    March 31,
                                                                               -----------------------------------
                                                                2002                2002                2001
                                                           ---------------     ---------------     ---------------
<S>                                                        <C>                 <C>                 <C>
Retained earnings (deficit), beginning of period           $       -           $   (268,657)       $    (23,089)
Net profit (loss) for the period                               (294,276)            (25,619)           (114,576)
                                                           ------------        ------------        ------------
Retained earnings (deficit), end of period                 $   (294,276)       $   (294,276)       $   (137,665)
                                                           ============        ============        ============
</TABLE>






       See Accompanying Notes and Independent Accountants' Review Report

<PAGE>
Page 7

                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                       Consolidated Statements of Cash Flows
                                    (In US Dollars)
                                      (Unaudited)

<TABLE>
<CAPTION>
                                                            Cumulative From
                                                             Inception Date                 Three Months
                                                            of Sep. 15, 1998                   Ended
                                                              to March 31,                    March 31,
                                                                               -----------------------------------
                                                                2002                2002                2001
                                                           ---------------     ---------------     ---------------
<S>                                                        <C>                 <C>                 <C>
Cash derived from (used for)
  Operating activities
   Profit (loss) for the period                            $   (294,276)       $    (25,619)       $   (114,576)
   Items not requiring use of cash
    Depreciation                                                 16,329               2,841               5,349
    Stock-based compensation                                       -                   -                 20,000
    Cumulative translation                                          398                 218                 116
    Changes in non-cash working capital items
     Accounts receivable                                         (7,066)             (2,193)             (1,386)
     Prepaid expenses and deposit                                  -                   -                 (5,107)
     Accounts payable and accrued                                28,699             (19,825)             (4,319)
                                                           ------------        ------------        ------------
                                                               (255,916)            (44,578)            (99,923)
                                                           ------------        ------------        ------------
   Financing activities
    Issuance of shares                                          121,896                -                 10,000
    Loan payable                                                   -                   -                 (1,703)
    Due to related parties                                      347,341              84,989                -
                                                           ------------        ------------        ------------
                                                                469,237              84,989               8,297
                                                           ------------        ------------        ------------
   Investing activities
    Capital assets purchased                                    (65,783)               -                   -
    Investment and advance                                      (56,774)               -                   -
    Goodwill                                                    (48,070)               -                   -
                                                           ------------        ------------        ------------
                                                               (170,627)               -                   -
                                                           ------------        ------------        ------------
Cash and cash equivalents, increase (decrease)
  during the period                                              42,694              40,411             (91,626)
Cash and cash equivalents, beginning of period                     -                  2,283              97,557
                                                           ------------        ------------        ------------

Cash and cash equivalents, end of period                   $     42,694        $     42,694        $      5,931
                                                           ============        ============        ============
</TABLE>


       See Accompanying Notes and Independent Accountants' Review Report

<PAGE>
Page 7

                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                    Statement of Changes in Stockholders' Equity
            From Date of Inception on September 15, 1998 to March 31, 2002
                                    (In US Dollars)
                                      (Unaudited)

<TABLE>
<CAPTION>
                                                                                       Deficit Accum-
                                     Number of              Additional      Total       ulated During                   Total
                                      Common        par      Paid-in       Capital       The Develop-  Cumulative   Stockholders'
                                      Shares       Value     Capital        Stock         ment Stage   Translation     Equity
                                   ------------------------------------------------------------------------------------------------
<S>                                <C>            <C>       <C>            <C>          <C>                 <C>          <C>
9/15/98 issuance of common
  stock for cash                    1,000,000     $ 1,000   $   1,500      $   2,500                                     $   2,500

12/31/98 issuance of common
  stock for cash                      750,000         750      74,250         75,000                                        75,000

Net loss for the year ended
  December 31, 1998                                                                     $    (737)                            (737)
                                   ------------------------------------------------------------------------------------------------
Balance, December 31, 1998          1,750,000       1,750      75,750         77,500         (737)                          76,763

Net loss for the year ended
  December 31, 1999                                                                  (12,534)                         (12,534)
                                   ------------------------------------------------------------------------------------------------
Balance, December 31, 1999          1,750,000       1,750      75,750         77,500      (13,271)                          64,229

Balance, May 19, 2000
  before forward split              1,750,000       1,750      75,750         77,500      (13,271)                          64,229
                                   ================================================================================================

05/19/00 2.5 to 1 forward split     4,375,000       1,750      75,750         77,500      (13,271)                          64,229

12/18/00 share exchange             8,490,000       3,396                      3,396                                         3,396

Net loss for the year ended
  December 31, 2000                                                                        (9,818)                          (9,818)

Cumulative translation                                                                                      $    (468)        (468)
                                   ------------------------------------------------------------------------------------------------
Balance, December 31, 2000         12,865,000       5,146      75,750         80,896      (23,089)               (468)      57,339

2/7/01 issuance of common
  stock for cash                       10,000           4       9,996         10,000                                        10,000

3/30/01 issuance of common
  stock for compensation               20,000           8      19,992         20,000                                        20,000

4/6/01 issuance of common
  stock for cash                       11,000           4      10,996         11,000                                        11,000

Net loss for year ended
 December 31, 2001                                                                       (245,568)                        (245,568)

Cumulative translation                                                                                            648          648
                                   ------------------------------------------------------------------------------------------------
Balance, December 31, 2001         12,906,000       5,162     116,734        121,896     (268,657)                180     (146,581)

Net loss for three months ended
 March 31, 2002                                                                           (25,619)                         (25,619)

Cumulative translation                                                                                            218          218
                                   ------------------------------------------------------------------------------------------------
<S>                                <C>            <C>       <C>            <C>          <C>                 <C>          <C>
Balance, December 31, 2001         12,906,000     $ 5,162   $ 116,734      $ 121,896    $(294,276)          $     398    $(171,982)
                                   ================================================================================================
</TABLE>



       See Accompanying Notes and Independent Accountants' Review Report

<PAGE>
Page 8


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    March 31, 2002
                                    (In US Dollars)
                                      (Unaudited)


Note 1.   ORGANIZATION AND NATURE OF BUSINESS

          The Company was incorporated under the laws of the State of Nevada on
          September 15, 1998, as Body Concepts, Inc. On May 25, 2000 the Company
          changed its name from Body Concepts, Inc. to Digital Village World
          Technologies, Inc.

          On May 19, 2000 the Company increased its authorized capital stock
          from 25,000,000 common shares with a par value of $0.001 to 62,500,000
          common shares with a par value of $0.0004 each par value.

          On May 19, 2000 the Company completed a 2.5:1 forward split of its
          outstanding stock. This forward split increased the number of issued
          and outstanding shares from 1,750,000 common shares to 4,375,000
          common shares.

          Pursuant to the terms of a share exchange which was effective as of
          December 18, 2000, the Company acquired all of the issued and
          outstanding stock of Digital Village World Technologies (Canada) Inc.
          ("DVC") in exchange for the issuance of 8,490,000 shares of its
          authorized but previously unissued common stock, which shares were
          valued at par value for purposes of the acquisition. The acquisition
          was accounted for as a purchase, and accordingly, the operating
          results for DVC will be reported only for the period subsequent to the
          acquisition. Assets and liabilities of DVC at the date of acquisition
          on December 18, 2000, are as follows:

               Assets
                    Cash and cash equivalents                       $    56,725
                    Accounts receivable                                  10,285
                    Fixed assets, net                                    83,028
                                                                    -----------
                                                                        150,038
                                                                    -----------
               Liabilities
                    Accounts payable                                     13,161
                    Current portion of loan                               6,811
                    Due to related company                               20,000
                    Due to related parties                              144,423
                                                                    -----------
                                                                        184,395
                    Long-term loan                                       10,785
                                                                    -----------
                                                                        195,180
                                                                    -----------
               Net assets (liabilities)                                 (45,142)
               Cumulative translation, included in above,
                    Booked in stockholders' equity of the Company           468
                                                                    -----------
                                                                        (44,674)
               Goodwill on acquisition (note 5)                          48,070
                                                                    -----------
               Issuance of 8,490,000 common shares at par value     $     3,396
                                                                    ===========


<PAGE>
Page 9


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    March 31, 2002
                                    (In US Dollars)
                                      (Unaudited)


Note 1.   ORGANIZATION AND NATURE OF BUSINESS (cont'd)

          DVC is a Canadian company incorporated in the Province of British
          Columbia, Canada. DVC is an internet content provider that provides bi
          -lingual content in Chinese and English, technical services to
          companies in China, and provides third party internet services such as
          web design, web hosting and content development for firms that
          specialize in naturopathic and traditional eastern health sciences in
          North America.

          The historical information of Digital Village World Technologies, Inc.
          that is the basis for the pro forma information at December 18, 2000
          is as follows:

               Summary Balance Sheet
                    Assets
                       Cash                                         $    44,171
                       Advances to related company                       20,000
                                                                    -----------
                                                                    $    64,171
                                                                    ===========
                    Liabilities
                       Accounts payable                                   1,871
                                                                    -----------
                    Stockholders' equity
                       Capital stock - par value                          1,750
                                     - additional paid-in capital        75,750
                                                                    -----------
                                                                         77,500
                    Deficit                                             (15,200)
                                                                    -----------
                                                                         62,300
                                                                    -----------
                                                                    $    64,171
                                                                    ===========

Note 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

          Principles of consolidation

          The accompanying consolidated financial statements include the
          accounts of the Company and its wholly-owned subsidiary, Digital
          Village World Technologies (Canada) Inc. All significant intercompany
          transactions and balances have been eliminated.

          Basis of presentation

          These financial statements have been prepared in accordance with
          Accounting Principles Generally Accepted in the United States
          ("USGAAP").

          Development stage company

          The accompanying financial statements have been prepared in accordance
          with the provisions of Statement of Financial Accounting Standard No.
          7, "Accounting and Reporting by Development Stage Enterprises".

<PAGE>
Page 10


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    March 31, 2002
                                    (In US Dollars)
                                      (Unaudited)


Note 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

          Use of estimates

          The preparation of financial statements in conformity with USGAAP
          requires management to make estimates and assumptions that affect the
          reported amounts of assets and liabilities and disclosure of
          contingent assets and liabilities at the dates of the financial
          statements and the reported amounts of revenues and expenses during
          the reporting periods. Actual results could differ from those
          estimates.

          Cash and cash equivalents

          Cash and cash equivalents consist of cash on deposit and highly liquid
          short-term interest bearing securities with a maturity at the date of
          purchase of three months or less.

          Income Taxes

          Provisions for income taxes are based on taxes payable or refundable
          for the current year and deferred taxes on temporary differences
          between the amount of taxable income and pretax financial income and
          between the tax bases of assets and liabilities and their reported
          amounts in the financial statements. Deferred tax assets and
          liabilities are included in the financial statement at currently
          enacted income tax rates applicable to the period in which the
          deferred tax assets and liabilities are expected to be realized or
          settled as prescribed in FASB Statement No. 109, Accounting for Income
          Taxes. As changes in tax laws or rate are enacted, deferred tax assets
          and liabilities are adjusted through the provision for income taxes.

          Compensated absences

          Employees of the corporation are entitled to paid vacations, sick days
          and other time off depending on job classification, length of service
          and other factors. It is impractical to estimate the amount of
          compensation for future absences, and accordingly, no liability has
          been recorded in the accompanying financial statements. The
          corporation's policy is to recognize the costs of compensated absences
          when paid to employees.

          Net profit per share

          The Company adopted Statement of Financial Accounting Standards No.
          128 that requires the reporting of both basic and diluted earnings per
          share. Basic earnings per share is computed by dividing net income
          available to common shareowners by the weighted average number of
          common shares outstanding for the period. Diluted earnings per share
          reflects the potential dilution that could occur if securities or
          other contacts to issue common stock were exercised or converted into
          common stock. In accordance with FASB 128, any anti-dilution effects
          on net loss per share are excluded.

<PAGE>
Page 11


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    March 31, 2002
                                    (In US Dollars)
                                      (Unaudited)


Note 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

          Disclosure about fair value of financial instruments
          The Company has financial instruments, none of which are held for
          trading purposes. The Company estimates that the fair value of all
          financial instruments as defined in FASB 107, does not differ
          materially from the aggregate carrying values of its financial
          instruments recorded in the accompanying balance sheet. The estimated
          fair value amounts have been determined by the Company using available
          market information and appropriate valuation methodologies.
          Considerable judgment is required in interpreting market data to
          develop the estimates of fair value, and accordingly, the estimates
          are not necessarily indicative of the amounts that the Company could
          realize in a current market exchange.

          Concentration of credit risk
          Financial instruments that potentially subject the Company to a
          significant concentration of credit risk consist primarily of cash and
          cash equivalents which are not collateralized. The Company limits its
          exposure to credit loss by placing its cash and cash equivalents with
          high credit quality financial institutions.

          Fixed assets
          Fixed assets are stated at cost less accumulated depreciation.
          Depreciation is recorded on the following rates:

             Office equipment     - 20% per annum on the declining balance basis
             Vehicles             - 30% per annum on the declining balance basis
             Computer equipment   - 30% per annum on the declining balance basis

          As at March 31, 2002, the fixed assets and accumulated depreciation
          are as follows:

<TABLE>
<CAPTION>
                                                                       Accumulated  Net Book
                                             At Cost                  Depreciation   Value
                               -----------------------------------
                               12/31/01      3/31/01       3/31/02      3/31/02     3/31/02
                               ----------   ----------   ----------   ----------   ----------
          <S>                  <C>          <C>          <C>          <C>          <C>
          Office equipment     $    5,430   $    5,430   $    5,430   $    3,578   $    1,852
          Vehicles                 11,105       28,350       11,105       (2,265)      13,370
          Computer equipment       49,248       49,248       49,248       15,016       34,232
                               ----------   ----------   ----------   ----------   ----------
                               $   65,783   $   83,028   $   65,783   $   16,329   $   49,454
                               ==========   ==========   ==========   ==========   ==========
</TABLE>

          Long-lived assets
          Statement of Financial Accounting Standards No. 121, "Accounting for
          the Impairment of Long-Lived Assets and for Long-Lived Assets to be
          Disposed Of," requires that long-lived assets be reviewed for
          impairment whenever events or changes in circumstances indicate that
          the carrying amount of the asset in question may not be recoverable.
          This standard did not have a material effect on the Company's results
          of operations, cash flows or financial position in these financial
          statements.

<PAGE>
Page 12


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    March 31, 2002
                                    (In US Dollars)
                                      (Unaudited)


Note 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

          Foreign currency translation

          The functional currency of the parent Company Digital Village World
          Technologies, Inc. is the United States Dollar and of Digital Village
          World Technologies (Canada) Inc. is the Canadian Dollar and the
          reporting currency on a consolidated basis is the United States
          Dollar.

          The assets, liabilities, and operations of the Company are expressed
          in the functional currency of the Company in United States Dollars.
          Operations of the subsidiary Digital Village World Technologies
          (Canada) Inc. are in Canadian Dollars and in conformity with US GAAP
          they are translated into the reporting currency, the United States
          Dollar.

          Monetary assets and liabilities are translated at the current rate of
          exchange.

          The weighted average exchange rate for the period is used to translate
          revenue, expenses, and gains or losses from the functional currency to
          the reporting currency.

          The gain or loss on translation is reported as a separate component of
          stockholders' equity and not recognized in net income. Gains or losses
          on remeasurement are recognized in current net income.

          Gains or losses from foreign currency transactions are recognized in
          current net income.

          Fixed assets are measured at historical exchange rates that existed at
          the time of the transaction.

          Depreciation is recorded at historical exchange rates that existed at
          the time the underlying related asset was acquired.

          An analysis of the changes in the cumulative translation adjustment as
          disclosed as part of stockholders' equity, is as follows:



                                                      Three Months Ended
                                                           March 31,
                                                 ----------------------------
                                                      2002           2001
                                                 -------------  -------------

          Beginning balance                      $         180  $        (468)
          Change during the period                         218            116
                                                 -------------  -------------
          Ending balance                         $         398  $        (352)
                                                 =============  =============

          The effect of exchange rate changes on cash balances forms part of the
          reconciliation of change in cash and cash equivalents during the
          period.

<PAGE>
Page 13


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    March 31, 2002
                                    (In US Dollars)
                                      (Unaudited)


Note 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

          Revenue Recognition

          The Securities and Exchange Commission (SEC) issued Staff Accounting
          Bulletin (SAB) 101, Revenue Recognition in Financial Statements, in
          December 1999. The SAB summarizes certain of the SEC staff's views in
          applying generally accepted accounting principles to revenue
          recognition in financial statements. During the current year, the
          Company performed a review of its revenue recognition policies and
          determined that it is in compliance with SAB 101.

Note 3.   CASH AND CASH EQUIVALENTS - $42,694

          The total for cash and cash equivalents as at March 31, 2002, is made
          up as follows:

          Cash in bank current accounts                       $     40,849
          Cash in lawyer's trust account                             1,845
                                                              ------------
          Total                                               $     42,694
                                                              ============

Note 4.   ACCOUNTS RECEIVABLE - $7,066

          The accounts receivable balance of $7,066 as at March 31, 2002 is
          Canadian Goods and Services Taxes refundable

Note 5.   GOODWILL - $48,070

          On December 18, 2000 the acquisition of Digital Village World
          Technologies (Canada) Inc. included liabilities that exceeded the
          assets by $44,674 and the consideration of 8,490,000 treasury shares
          at par value of $0.0004 per share or $3,396, resulted in goodwill on
          the transaction of $48,070 that will evaluated at each reporting
          period. Management has determined that there is no impairment in the
          value of this goodwill below its cost.

Note 6.   ACCOUNTS PAYABLE - $28,699

          Details of the total of accounts payable and accrued as at March 31,
          2002, are as follows:

          Frascona, Joiner, Goodman and Greenstein, P.C.             $    2,323
          Moen and Company                                                9,659
          Moffitt & Company                                                 525
          Resident Agents of Nevada, Inc.                                   197
          RR Donnelley Receivables, Inc.                                 15,995
                                                                     ----------
          Total                                                      $   28,699
                                                                     ==========

<PAGE>
Page 14


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    March 31, 2002
                                    (In US Dollars)
                                      (Unaudited)


Note 7.   RELATED PARTY TRANSACTIONS - $347,341

          The amount of $144,423 is due to a related party, Tianjin Teda Yu
          Cheng Group. The amount of $202,918 is due to Directors of the Company
          as at March 31, 2002 for loans that they have advanced to the Company.
          These amounts are unsecured, non interest bearing, with no specific
          terms of repayment, but in any event no earlier than June 30, 2003.

Note 8.   LEASE OBLIGATIONS

          a)   Vehicle Lease
               On January 19, 2000, DVC entered into a 36 month lease with
               Lansdowne Dodge City Ltd. for a vehicle to be used by the
               Company. Lease payments are expensed as they are incurred. Lease
               obligations are as follows:

                       2002             CAD$   6,000
                       2003             CAD$     667

          b)   Lease of Premises
               DVC has lease obligations for office premises for the next 12
               months for CAD$25,369.

Note 9.   CAPITAL STOCK

          a)   Authorized: 62,500,000 common shares with a par value of $0.0004
               per share.
          b)   Issued and outstanding common shares as at March 31, 2002, are as
               follows:

<TABLE>
<CAPTION>
                                                                                                    Additional
                                             Issued           Number of              Par             Paid-in
                                              Date              Shares              Value            Capital              Total
                                         --------------     --------------     --------------     --------------     --------------
          <S>                            <C>                <C>                <C>                <C>                <C>
    private placement                     9/15/98            1,000,000         $    1,000         $    1,500         $    2,500
    private placement                    12/31/98              750,000                750             74,250             75,000
                                                            ----------         ----------         ----------         ----------
    Balance                              12/31/98            1,750,000              1,750             75,750             77,500
                                                            ----------         ----------         ----------         ----------
    Balance                              12/31/99            1,750,000              1,750             75,750             77,500
                                                            ----------         ----------         ----------         ----------
    Balance, before
     forward split                        5/19/00            1,750,000         $    1,750         $   75,750         $   77,500
                                                            ==========         ==========         ==========         ==========
    2.5:1 forward split                   5/19/00            4,375,000              1,750             75,750             77,500
    Share exchange                       12/18/00            8,490,000              3,396               -                 3,396
                                                            ----------         ----------         ----------         ----------
    Balance                              12/31/00           12,865,000              5,146             75,750             80,896
    issued for cash                       2/7/01                10,000                  4              9,996             10,000
    issued for compensation               3/30/01               20,000                  8             19,992             20,000
    issued for cash                       4/6/01                11,000                  4             10,996             11,000
                                                            ----------         ----------         ----------         ----------
    Balance                               3/31/02           12,906,000         $    5,162         $  116,734         $  121,896
                                                            ==========         ==========         ==========         ==========
</TABLE>


<PAGE>
Page 15


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    March 31, 2002
                                    (In US Dollars)
                                      (Unaudited)


Note 10.  INCOME TAXES

          a)   The most recent Federal Income Tax filing for the Company for the
               US was for the year ended December 31, 2000, disclosing no income
               taxes payable to the US Internal Revenue Service.

          b)   There is a loss of $294,276 carried forward that may be applied
               towards future profits. No deferred income taxes are recorded as
               an asset. A reserve has been claimed that offsets the amount of
               tax credit available from use of the loss carry forward because
               there is presently no indication that these tax losses will be
               utilized.

Note 11.  FINANCIAL INSTRUMENTS

          The Company's financial instruments consist of cash and cash
          equivalents, accounts receivable, accounts payable and accrued and due
          to related parties. It is management's opinion that the Company is not
          exposed to significant interest, currency or credit risks arising from
          these financial instruments. The fair value of these financial
          statements approximates their carrying values.

Note 12.  PENSION AND EMPLOYMENT LIABILITIES

          The Company does not have liabilities as at March 31, 2002, for
          pension, post-employment benefits or post-retirement benefits. The
          Company does not have a pension plan.

Note 13.  PROFIT SHARING AGREEMENT

          By agreement for reference dated May 1, 2000 and as amended on May 31,
          2001, Digital Village World Technologies Inc, subsequently renamed
          Digital Village World Technologies (Canada) Inc., ("DVC") entered into
          an agreement with TianJin TEDA Yu Cheng Group Co Ltd., a wholly owned
          subsidiary of the People's Daily Newspaper Group in China with its
          principal place of business in Tianjin, the People's Republic of
          China.("Yu Cheng").

          (a)  Proposed Business Operations.

               (i)   Yu Cheng has formed a new domestic Chinese company called
                     Yuxun Digital Hi-Tech Co Ltd. ("Yuxun") which is a local
                     Internet Service Provider (ISP) in the Tianjin region;

               (ii)  Yuxun has agreed to form a domestic joint venture with
                     Tianjin Chuang Xian Information Development Co Ltd ("Chuang
                     Xian") that will assume Yuxun's ISP business and Chuang
                     Xian's IT services to form a new business (New Business);

<PAGE>
Page 16


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    March 31, 2002
                                    (In US Dollars)
                                      (Unaudited)


Note 13.  PROFIT SHARING AGREEMENT (cont'd)

               (iii) The Business requires working capital; Yu Cheng is the
                     controlling shareholder of DVC and as such wishes to
                     advance the business of DVC in China by having DVC provide
                     overall management for the Business and to raise working
                     capital for the Business in accordance with this agreement.

          (b)  Management of New Business / Working Capital
               (i)   YU Cheung hereby appoints DVC to be its manager to manage
                     the affairs of the Business for a term of 25 years, unless
                     terminated earlier as provided herein, provided that (ii)
               (ii)  DVC assumes the responsibility for raising all working
                     capital requirements of the New Business.

          (c)  Profit Sharing
               (i)   Yu Cheung hereby agrees that 80% of the net profits of the
                     Business (Profit Allocation) will be earned by DVC provided
                     DVC raises the required working capital, as hereinafter
                     defined, and provides the senior management, as hereinafter
                     defined, for the Business. )
               (ii)  Net Profits will be defined according to GAAP as determined
                     by the auditor of the Business, approved by DVC.
               (iii) The parties agree that semi-annually Net Profits will be
                     determined and 20% thereof, or such other amount agreed to
                     by the parties, shall be retained by the Business as
                     working capital and that the balance distributed to the
                     parties on a 80/20 basis, 80% for DVC and 20% for Yu
                     Cheung, respectively, at each parties option. Either party
                     may choose to leave their portion of the Net Profits in the
                     Business as addition to a loan account owed to that party
                     by the Business.

          (d)  Management
               (i)   DVC will form a new Chinese firm, a wholly owned foreign
                     enterprise (WOFE) which will provide no fewer than two
                     senior executives, at DVC's cost, to provide on-going
                     executive management for the New Business.
               (ii)  Yu Cheng agrees that DVC may appoint 2 out of 5 persons to
                     be directors of the Business.

          (e)  Conversion to Equity
               The parties acknowledge that it is their intention to treat DVC's
               Profit Allocation as a substitute to owning 80% of the equity of
               the New Business and therefore as and when the rules of China
               permit DVC to own, through the WOFE, shares in the Business, it
               is agreed that the parties will take such steps as are necessary
               to have shares issued to the WOFE and upon such event occurring
               the Profit Allocation will be adjusted, to ensure that the
               underlying 80/20 arrangement is adhered to.

<PAGE>
Page 17


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    March 31, 2002
                                    (In US Dollars)
                                      (Unaudited)


Note 13.  PROFIT SHARING AGREEMENT (cont'd)

          (f)  Capital
               (i)   DVC, through the WOFE, will provide capital of not less
                     than $500,000 US contributed over 12 months or as otherwise
                     agreed to by the parties hereto.
               (ii)  In the event that the Capital is not raised within the said
                     12 months, the Profit Allocation shall be adjusted based on
                     the percentage actually raised of the $500,000 US.
               (iii) Yu Cheung will assist the WOFE to have all capital
                     contributions registered as loans to the New Business, in
                     order to ensure that when the Business is able, that DVC
                     will be able to repatriate the Capital out of China should
                     DVC so elect.

          (g)  Annual Budget
               The parties agree that they will on an annual basis agree upon an
               annual budget, prepared in accordance with United States GAPP and
               that unless otherwise agreed, the New Business will be managed in
               accordance with the annually agreed upon budget.

          (h)  Assignment
               The Parties agree that DVC may assign this agreement to any 3rd
               party provided that any assignee agrees to be bound by the terms
               of this agreement.

          (i)  Termination
               (i)   This Agreement shall terminate and be of no further force
                     or effect if DVC fails to meet any material obligation of
                     this Agreement, or DVC files a voluntary petition in
                     bankruptcy, or an involuntary petition in bankruptcy is
                     filed against DVC, or DVC is liquidated or its business
                     transferred to a receiver, or DVC makes a general
                     assignment of all its assets on behalf of creditors.

               (ii)  Upon the occurrence of any event as set out in i(i), above,
                     Yu Cheng shall send a written notice to DVC stating the
                     nature of the breach. If the breach is curable DVC shall
                     have thirty days from the date of the notice to cure the
                     breach.

          (j)  Notice
               Notices as to disputes or termination to be given under this
               Agreement shall be signed by the party giving such notice and
               mailed by certified or registered mail, addressed to the party to
               be notified at its then current business address as set forth at
               the beginning of this Agreement or as subsequently changed by
               giving notice. Notice as to address changes, pricing changes,
               warranty changes and other matters relating to policy and
               business may by given to such addresses, by facsimile
               transmission, telex, telegram or first class mail. Notices by
               mail shall be deemed given three days after mailing.

<PAGE>
Page 18


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    March 31, 2002
                                    (In US Dollars)
                                      (Unaudited)


Note 13.  PROFIT SHARING AGREEMENT (cont'd)

          (k)  Settlement of disputes and Governing Law
               (i)   In the event a dispute arises in connection with the
                     interpretation or implementation of this Agreement, the
                     parties to the dispute shall attempt in the first instance
                     to resolve such dispute through amicable consultations. If
                     the dispute cannot be resolved in this manner within thirty
                     (30) days after first conferring, then any or all parties
                     to the dispute may refer the dispute to arbitration by the
                     Beijing International Arbitration Committee ("Committee").
                     The number of arbitrators shall be three. The claimant(s)
                     in the dispute shall appoint one arbitrator within thirty
                     (30) days of filing notice of the arbitration, and the
                     respondent(s) in the dispute shall appoint one arbitrator
                     within thirty (30) days thereafter. If the respondent fails
                     to so appoint an arbitrator, the Arbitration Centre shall
                     appoint the second arbitrator. The two arbitrators thus
                     appointed shall choose the third arbitrator, and if they
                     fail to do so within thirty (30) days after the appointment
                     of the second arbitrator, the third arbitrator shall be
                     appointed by the Committee. The arbitration proceedings
                     shall be conducted in the English language.
               (ii)  Any award of the arbitrators shall be final and binding on
                     the parties. The costs of arbitration shall be borne by the
                     losing party, unless the arbitrators determine that this
                     would be inequitable. The parties agree and recognize that
                     any award of the arbitrators shall be recognizable and
                     enforceable in any court having jurisdiction over the party
                     against whom the award was rendered, and also wherever
                     assets of such party are located.
               (iii) The legal relations between the parties under this contract
                     shall be interpreted in accordance with the substantive
                     laws of China. Any disputes between the parties concerning
                     their legal obligations arising under this contract which
                     are submitted to arbitration pursuant to this clause shall
                     be decided pursuant to the substantive laws of China.

          (l)  Non Competition
               The parties agree that during the currency of this agreement that
               they will not, directly or indirectly, in any manner whatsoever,
               be engaged in any business competitive to the business of New
               Business or advise or be concerned with or interested or lend
               money to/or guaranty the debts or obligations of a competitive
               business.

          As at March 31, 2002, Mr. Edward Chen, a Director of the Company paid
          $56,774 (480,000 Chinese Yuan) to Yuxun on behalf of the Company. This
          amount was recorded as an investment and advance to Yuxun Digital Hi-
          Tech Co. Ltd. and as a loan from related parties.

          The abovementioned joint venture has not been formed as yet due to
          inability of DVC to raise the $500,000 in capital as at March 31,
          2002. This deal is being renegotiated.

<PAGE>
Page 19


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    March 31, 2002
                                    (In US Dollars)
                                      (Unaudited)


Note 14.  CONSULTING AGREEMENT - BRIAN ROBERTS

          By agreement dated February 1, 2000, in accordance to the law of
          British Columbia, Canada, Digital Village World Technologies Inc.,
          subsequently renamed Digital Village World Technologies (Canada) Inc.,
          entered into a Consulting Agreement with Brian Roberts ("Roberts")
          whereby he would assist the Company in completion of its Business Plan
          and set up its administrative systems, on a month to month basis.
          Either party may terminate this agreement, with or without cause, upon
          thirty days notice to the other party.

          Terms and Conditions of the agreement:

          (a)  Remuneration

               (i)   The Company agrees to issue 250,000 fully paid common
                     shares of DVC at par value, for all services to be
                     performed by Roberts under this agreement
               (ii)  Roberts agrees to enter a pooling agreement at the time the
                     shares are issued wherein he agrees that he will not sell,
                     transfer or otherwise dispose of any of the Shares before
                     18 months has elapsed from the date the Shares, directly or
                     indirectly, become publicly traded.

          (b)  Expenses

               In addition to the Shares, in (a), above, DVC shall reimburse
               Roberts, for all reasonable and necessary business expenses
               incurred by him in the performance of his duties, including,
               without limitation, expenses for travel, meals, entertainment and
               other miscellaneous business expenses.  Roberts shall submit to
               DVC written, itemized expense accounts for approval with such
               additional substantiation and justification as DVC may reasonably
               request.

          (c)  Non-Competition

               During the term of this agreement and for a term of one year
               after its termination, Roberts covenants and agrees that he will
               not directly or indirectly, whether as owner, shareholder,
               director, agent, officer, consultant, independent contractor, or
               in any other capacity whatsoever, of a corporation, partnership
               or proprietorship, compete with DVC or any of its affiliates.

<PAGE>
Page 20


                       DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                               (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    March 31, 2002
                                    (In US Dollars)
                                      (Unaudited)


Note 15.  PROPOSED DEBT FINANCING

          The Company has, in January, 2002 entered into negotiations with a
          group of seven company shareholders for loans totaling in the
          aggregate $300,000 US, non-interest bearing, for a term of twenty-four
          months, secured by promissory notes to be issued to each lender for
          the specific amounts borrowed by the Company.

          To March 31, 2002, $96,000 US has been advanced to the Company and is
          included in amounts advanced by related parties (see note 7).

Note 16.  PROPOSED ACQUISITION/PROPOSED CHANGE OF CONTROL

          i)   Digital Village World Technologies, Inc. ("DVWT") proposes to
               enter into a deal with China Tianjin Global Magnetic Card Co.
               Ltd. ("TGM") whereby interest in the magnetic and smart card
               business of TGM may be acquired by DVWT by the issuance of
               treasury shares of DVWT, subject to due diligence, approvals by
               these companies and regulatory bodies.

               This agreement has not been finalized at the date of issuance of
               these financial statements.

          ii)  The proposed issuance of shares may result in the change in
               effective control of the Company.

          iii) TGM also proposes to provide funds and technology to the project
               and business outlined in note 13, above.


<PAGE>
Page 21


ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following discussion should be read in conjunction with the accompanying
financial statements for the three-month periods ended March 31, 2002 and March
31, 2001 and the Annual Report Form 10KSB filed by the Company on April 8, 2002
for the 2001 fiscal year.

Special Note Regarding Forward-Looking Statements - Certain statements in this
report and elsewhere (such as in other filings by the Company with the
Securities and Exchange Commission, press releases, presentations by the Company
or its management and oral statements) may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Words such as "expects", "anticipates", "intends", "plans",
"believes", "seeks", "estimates", and "should" and variations of these words and
similar expressions, are intended to identify these forward-looking statements.
The Company undertakes no obligation to publicly release the result of any
revisions to these forward-looking statements, which may be made to reflect
events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events.

Results of operations - comparison of the three month periods ended March 31,
2002 and March 31, 2001.

The Company is a development stage company and, through its wholly owned Chinese
foreign enterprise Tianjin Navada Digital World Technologies Co. Ltd. ("WOFE"),
will manage the operations of a Chinese domestic enterprise, CNTime Group,
pursuant to the terms of a profit sharing agreement ("PSA") which provides for
the Company to receive 80% of the profits from the operations of the Chinese
venture with the Company required to provide certain agreed upon capital. In
the event that the Company is unable to (i) provide the required capital or (ii)
obtain an extension for providing the capital, the profit allocation under the
PSA will be adjusted based on the percentage of capital actually contributed.
The original PSA dated May 2000 was amended on May 31, 2001 and is currently
being re-negotiated.

<PAGE>
Page 22

Formal Chinese business operations have not as yet commenced. There was no
revenue for the quarter versus $3,766 in interest income earned during the
comparable quarter in 2001. Expenses during the quarter, which included costs
of operations of Digital Village World Technologies (Canada) Inc. ("DV-Canada"),
which was acquired by the Company on December 18, 2000, were $25,619 as compared
to $118,342 for the comparable period in 2001. The 2002 figure included a
$2,841 provision for depreciation. As a result, for the quarter ended March 31,
2002, the Company had a net loss of $25,619, as compared to a loss of $114,576
for the same quarter of 2001.

General and administrative expenses were $25,619 for the three-month period
ended March 31, 2002 versus $118,342 for the corresponding period in 2001. The
expenses were primarily due to operating costs of DV-Canada which included
expenditures of $4,990 for rental expenses, $1,332 in telephone and utilities
costs, transfer agent fees of $3,455, and $6,257 for travel and promotion. The
2000 comparative quarterly period reflected costs of $6,049 for rental expenses,
$11,824 for telephone and utility costs, $5,911 for transfer agent costs, and
$14,055 for travel and promotion. Salaries and benefits expenses were $1,428
for the period ended March 31, 2002 against $26,457 in the corresponding period
in 2001.

For the remainder of the current fiscal year, the Company expects to incur a
loss as a result of expenses associated with compliance with the reporting
requirements of the Securities Exchange Act of 1934, costs related to launch of
Chinese operations and continuation of the Canadian business. During the
balance of the 2002 fiscal year, the Company expects to launch its Chinese
operations coincident with the closing of a significant equity financing.

Liquidity and Capital Resources

The cash balance at the end of the period was $92,694 compared to $5,931 at
March 31, 2001. For the period ended March 31, 2002, the Company's operating
activities used cash of $44,578 compared to $99,923 in the comparable period for
2001.

Working capital was $21,061 as at March 31, 2002 versus $573 as at March 31,
2001.

The Company has historically relied upon sales of its common stock, debt
instruments and loans from related parties to finance its operations.
Additional financing will be required to meet its obligations under the Profit
Sharing Agreement and for current and long-term development, marketing, and
working capital. To the extent of any shortfall in financing, the Company's
operations will be delayed, curtailed or prevented, and the Company may be
required to suspend or substantially modify its operations.

There were no income taxes incurred for the reporting period.

<PAGE>
Page 23

PART II - OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

The Company is not a party to any pending or to the best of its knowledge, any
threatened legal proceedings. No director, officer or affiliate of the Company,
or owner of record or of more than five percent (5%) of the securities of the
Company, or any associate of any such director, officer or security holder is a
party adverse to the Company or has a material interest adverse to the Company
in reference to pending litigation.

ITEM 2.   SALE OF UNREGISTERED SECURITIES

None for the period.

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES

Not Applicable.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

During the reporting period, no matters were submitted to a vote of security
holders.

ITEM 5.   OTHER INFORMATION

None for the period


ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

       a.   (i)   The following is a list of exhibits filed as part of this
                  quarterly filing on Form 10QSB.

            (ii)  Financial statements for the period ended March 31, 2002.

       b.   Filings on Form 8-K

            - none -


<PAGE>
Page 24




                                   SIGNATURES

In accordance with the requirements of the Exchange Act, the Registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

DIGITAL VILLAGE WORLD TECHNOLOGIES INC.

/s/ Yu Wen Cheng                           /s/ Peng Chen
_______________________________            _______________________________
Yu Wen Cheng, President                    Peng Chen, Director

Date:   May 14, 2002

<PAGE>